Home Remodeling Can Raise the Value of Your Home

Article by Camron G. Millsap

Home remodeling can be a big step in improving both your environment and the value of your home. It can increase the monetary value of your home as well as your enjoyment of it.

Many people choose to remodel their homes for their comfort but it is also a popular option if you are planning to sell your home and wish to increase the market value. Remodeling your house can sometimes be an overwhelming task if you aren’t quite sure where to start. We will outline some tips here to point you in the right direction.

Home Remodeling Starts With a Budget

When considering making any major improvements to your home, you should first think of your budget. Even before you decide what you wish to change, you should decide how much you can afford to spend. Next you can choose how you plan to finance the project.

Home remodeling projects can sometimes be quite a task for the home owner, but having a budget in place will give you some guidelines to help maintain expenditures. In my experience a contractor and consumer, unexpected costs often crop up and you must be prepared financially and emotionally for these possible setbacks.

Where to Start

The kitchen and bathroom are the two main areas of the house that often reveal the age of a home more than the regular living spaces do. Consequently, these are the most popular areas of houses to remodel and for good reasons. It increases the value and overall appeal of the home whether you are remodeling for your own comfort or to sell your home.

Kitchens have become more of a gathering area for entertaining and the shift has been for people to spend more time in the kitchen. It has been found that most people choose to move into a house that does not require renovating. This is an important consideration if you are planning to sell your home in the coming months. A recently remodeled home can be easier to sell and the increased value will generally return more than the cost of renovations.

Remodeling Your Kitchen

A kitchen renovation can make the most striking impact on the general appearance of your house but often involves many decisions because of all the various components. Most projects of this type usually require electrical and plumbing work, so it may not be an ideal do-it-yourself project, without extensive knowledge and experience. Kitchen remodeling can be a large undertaking, consisting of choosing cabinetry and flooring as well as finding the right appliances and fixtures that will match your lifestyle and financial budget.

Bathroom Remodeling

The bathroom area is another popular home remodeling project, but similar to kitchens, it usually involves decisions on new cabinetry, fixtures, and flooring. in general, bathrooms are easier to estimate costs for unless you are getting into complicated changes that affect the water pipes or sewage lines. Both bathroom remodeling or kitchen remodeling add to your home’s comfort and enjoyment and can also provide energy savings.

The Value of Remodeling

It has been my experience that dollar for dollar, a well remodeled kitchen or bathroom will often yield two to three times the increase in value relative to what was spent on the project. These two areas of the house in particular seem to reflect the increase in value more than other areas. That is why I usually recommend your remodeling dollars should be spent there first. Even if you are not planning to sell your home anytime soon, you will most certainly reap the benefits from greater comfort, energy savings and a greater sense of pride.

Author Camron G. Millsap has been a home remodeling contractor for many years and provides useful tips and hints for Home Improvement Tips. Visit roof repairs for money saving advice and tips.